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Tech shares fall after Nvidia says new US controls on exports of AI chip will cost it $5.5 billion - Electronic Products & Technology

Summary by Electronic Products & Technology
Shares in computer chipmakers slumped this week after Nvidia said tighter U.S. government controls on exports of computer chips used for artificial intelligence will cost it an extra $5.5 billion. The company, which announced Monday that it will produce its artificial intelligence super computers in the United States for the first time, said the government told it that its H20 integrated circuits and others of a similar bandwidth would be subjec…

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The Globe & Mail broke the news in Canada on Friday, April 18, 2025.
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